Wadia moves court against Rahejas

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May 15, 2008, 12.20 AM IST

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MUMBAI: Industrialist Nusli Wadia has moved the Bombay High Court to prevent construction baron Gopal L Raheja from carrying out construction on around 400 acres of prime land in Malad (West). The land is owned by Wadias, which has been given to Rahejas on a long-term lease.

Mr Wadia has filed a suit against GL Raheja, alleging fraud by him and has revoked two powers of attorney dated January 2, 1995, executed in favour of Sandeep G Raheja and Sonali G Raheja, members of the GL Raheja family. Industry officials said Mr Wadia has demanded damages worth over Rs 1,300 crore from GL Raheja for dishonouring the agreement.

A few months ago, Mr Wadia had filed a suit against Chandru Raheja and Suresh Raheja, belonging to the extended Raheja family, alleging fraud by C Raheja and his sons and demanded damages worth over Rs 300 crore.

In his plea against GL Raheja, Mr Wadia says he wants the HC to direct the Rahejas to demolish all their commercial properties such as Ferani Hotels and Unique Estate Developments. In his earlier suit, he had requested the court to demolish Inorbit Mall, Hypercity Mall, Infinity Towers, IV Dimension, Spectrum Towers, Magnum Tower, Intelenet, Prism Paradigm and Athena, all located off Malad Link Road.

In his suit against C Raheja, Mr Wadia had demanded the appointment of a court receiver for the sprawling Inorbit Mall and the Hypercity Mall on Dinshaw Land in Malad in the interim.

The malls are owned and controlled by C Raheja, directly or indirectly, and the suit asked the court to stop all further renewals of shop leases and any further creation of third-party rights.

(This article was originally published in The Times of India)

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